LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

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 Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years  for N43.5m Fraud    Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud.   The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00   Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep

FASHOLA PAID A COURTESY VISIT TO AMBODE YESTERDAY+PLEDGES TO REFUND DEBT OWED TO THE STATE.{PHOTOS}.

Image may contain: 3 people                 Lagos State Government,Mr Akinwunmi Ambode yesterday saturday lauded his predecessor in office and Minister of Power,Works and Housing,Mr Babatunde Fashola for his achievements during the eight years he spent as Governor of the State.Governor Ambode,who spoke when he received Fashola and some top officials of the Ministry on a courtesy visit at the Lagos House,Ikeja,described the visit as historic,adding that it was gratifying to receive the Minister for the first time at the Lagos House,Ikeja since he left office on May 29,2015.
He said: ''On behalf of the people of Lagos State,I would like to wholeheartedly welcome Mr Babatunde Fashola,My predecessor and now Minister for Works,Power and Housing and especially back to the Alausa office where he actually left about 22 months ago.I want to say that this is a historic moment for us,notwithstanding that the Honourable Minister lives in Lagos,this is the first time he is stepping hiss feet into the Alausa premises and we need to honour him for that and say a big thank you for coming back home''.Governor Ambode also lauded Fashola for serving the State meritoriously,saying that hiss administration improved on the template already laid down during the previous administration.Earlier,Fashola who described the visit as home-coming for him,said he had come with his team to Lagos as part of a nationwide project monitoring exercise to inspect the job done so far on Federal Government projects.He assured that the Ministry had made representations to the Federal Executive Council on modalities to pay debts owed State Governments including Lagos State for rehabilitation of federal roads over the years,saying that the debts would be paid through bond instrument.The minister also expressed readiness to assist  Lagos State power initiative,especially in the rural areas.It would be recalled that Governor Ambode recently set machinery in motion to attain 24-hour power supply through generation of 3,000 megawatts of electricity by 2022.More photos below.
Image may contain: 8 people, people smiling, people standingImage may contain: 1 person, sittingImage may contain: 2 people, people smiling, people sittingImage may contain: 3 people, people standing

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